CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--WealthCloud, LLC announced today that it is rebranding the company by changing its name to WealthHub Solutions, LLC. It’s flagship product, TrustHub(SM), addresses the needs of trust administration in the wealth management space. Key industry players understand that trusts and trust administration is where wealth and wealth transfer needs to focus. The new name better reflects the company’s single platform where multiple applications come together and form the hub of trust administration.
With $2 trillion scheduled to transfer between generations in the next five years, this is the tip of the iceberg of the $50 trillion to transfer by 2050. Administering and complying with all the complex requirements around wealth and trusts makes TrustHub the key ingredient to any wealth management organization.
This new brand in trust administration, in a cloud-based environment, becomes the center point around the company’s offerings targeted to assist wealth managers in managing this critical aspect of the industry. “Three plus decades of lagging technology improvement to assist this key part of the industry has left the industry far behind, the key reason why TrustHub has become a welcome award-winning player and leader in trust administration,” according to C. Richard Corl, WealthCloud’s CEO.
About WealthHub Solutions, LLC
WealthHub Solutions, LLC (WealthHubSolutions.com), is a technology company serving the wealth management industry consisting of trust companies, multi-family offices, Registered Investment Advisors, banks, law firms and others who administer trusts and wealth for high net worth individuals and families. The company’s unique cloud-based computing platform provides users with a centralized portal with all of the necessary applications and tools to effectively and efficiently manage all of the day-to-day administrative responsibilities in one environment. To be successful in the current wealth management climate, productivity needs to greatly improve while reducing back-office costs. The company’s fully integrated platform is leading the wealth management industry shift toward this new paradigm of enhanced and transparent client services.
